Tag Archives: MLS

Breaking down the GTA housing market in 2019

This year has gotten off to a good start with sales, listings and price all up on a year-over-year basis. This is encouraging, especially when the inclement weather experienced in the GTA on the last week of the month is considered.

There were 4,009 home sales in January 2019, up 0.6 per cent and listings were up 10.5 per cent with 9,456 homes listed on TREB’s MLS system in January. While the average selling price was up by 1.7 per cent on a year-over-year basis, after preliminary seasonal adjustment the average selling price edged lower when compared to the previous month.

One trend to keep an eye on as we move through 2019 is stronger price growth for higher-density lowrise (such as condo townhomes, duplexes) and condominium apartment home types.

As the market experiences increasing affordability pressures, it is likely that many of those looking to buy a home will prefer to purchase these often lower-priced home types. Much of the affordability pressure we are seeing in the GTA has been driven by the OSFI mandated two percentage point mortgage stress test, a provision TREB is urging the government to revisit with an eye toward more flexibility.

A BROADER LOOK AT THE GTA HOUSING MARKET THROUGH TREB’S MARKET YEAR IN REVIEW & OUTLOOK REPORT 2019

On Feb. 6, TREB released its Market Year in Review & Outlook Report. While you can download a copy of the report from trebhome.com, I want to highlight some of the exciting contents and ground-breaking research contained in this year’s issue.

The report takes an in-depth look at the market in 2018 and provides a forecast for 2019. The analysis is punctuated by TREB-commissioned Ipsos surveys of existing homeowners and intending buyers, and helps to predict what 2019 will look like in terms of sales and price. It also shines the spotlight on issues ranging from preferred home types to the impact of the new mortgage qualification guidelines on buying intentions. The report also breaks down the rental market, the commercial market, and the new homes and residential land sectors.

This year’s report focused on envisioning housing options and supply for livable communities and features TREB-commissioned research on transit supportive development from the Pembina Institute and a study on missing middle housing from Ryerson University’s Centre for Urban Policy and Land Development.

The effects of transit-supportive development are highlighted by two real-life case studies – at Long Branch and Pickering GO Stations – and show that housing built within a 10-minute walk of a transit station, and in areas that feature a balanced mix of housing, jobs, shopping and services, can result in potential housing and transportation savings ranging from 10 to 56 per cent for individuals, families and retirees.

The Ryerson University Centre’s research offers some workable ideas on how to create more missing middle housing, which could fill the gaps in the types of homes needed and positively impact affordability. The study shows that there is plenty of opportunity to build this type of housing and that doing so could result in savings of between 20 to 49 per cent.

Garry Bhaura is president of the Toronto Real Estate Board. You can contact him at TREBpres@trebnet.com. For updates on the real estate market, visit trebhome.com. If commercial property is what interests you, contact a TREB realtor by visiting trebcommercial.com.

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Before you get the keys, you and your builder will do a Pre-Delivery Inspection or PDI. This is an important step – not only does it familiarize you with your new home but it also helps you protect your warranty rights.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Grohe AG is Europe’s largest and the world’s leading single-brand manufacturer and supplier of sanitary fittings. We set our standards extremely high to ensure that every time you turn on a GROHE faucet or step into a GROHE shower you can feel the difference.

As one of Canada’s premiere Real Estate Firms, PMA has become a leader in the sale of new homes across the Greater Toronto Area, Ottawa, Calgary in Canada, San Francisco and Florida in the United States. For 50 years the PMA family has embraced a simple yet powerful cornerstone – attitude, enthusiasm and teamwork make all the difference. PMA Brethour Realty Group sells over 3,000 homes annually and provides over 50 different clients across Canada and the United States with unparalleled professional service.
Established by the legendary Riley Brethour in 1964, PMA was founded on the principle of enthusiasm and Positive Mental Attitude (PMA). In the development industry when all the “bricks and sticks” are the same or copied in 30 days – what distinguishes the Builder Developer from one another is often their public face … their sales team. What distinguishes a marketing and sales service company like PMA is the distinct character of the individual members of the team. We are not really in the REAL ESTATE business but we are in the RETAIL business. When you are in the RETAIL business you are really in the PEOPLE business. When you are in the PEOPLE business you’re in the EMOTION business and the managing of EXPECTATIONS. Since 1964, PMA for now over 50 years has reflected a positive and enthusiastic approach toward all aspects of our service business – to our industry, our clients, and our team.

We specialize in the manufacture of a wide variety of high quality, custom made wood cabinet doors and dovetail drawers suited for residential kitchens, closet systems, built-ins and bathroom vanities. We offer over 10,000 unique door design choices since every element of our doors can be customized.

Resale home sales fall in 2018

Highlights:

Actual (not seasonally adjusted) activity was down by 19 per cent from one year ago.

The number of newly listed homes was little changed from November to December.

The MLS Home Price Index (HPI) was up 1.6 per cent year-over-year in December.

The national average sale price fell by 4.9 per cent year-over-year in December.

Home sales via Canadian MLS Systems fell by 2.5 per cent in December 2018 compared to November, capping the weakest annual sales since 2012. Monthly declines in activity since September have fully retrenched its summer rally and returned it near the lowest level since early 2013.

Transactions declined in about 60 per cent of all local markets in December, led by lower activity in Greater Vancouver, Vancouver Island, Ottawa, London-St. Thomas and Halifax-Dartmouth, together with a regionally diverse mix of other large and medium sized urban centres.

Actual (not seasonally adjusted) activity was down 19 per cent year-over-year in December 2018 and stood almost 12 per cent below the 10-year average for the month of December. Sales were down from year-ago levels in three-quarters of all local markets, led overwhelmingly by the Lower Mainland of British Columbia, the Okanagan Region, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington. This decline, in part, is due to elevated activity posted in December 2017 as homebuyers rushed to purchase in advance of the new federal mortgage stress test that came into effect on January 1, 2018.

“What a difference a year makes,” says CREA president Barb Sukkau. “Sales trends were pushed higher in December 2017 by homebuyers rushing to purchase before the new federal mortgage stress test took effect at the beginning of 2018. Since then, the stress test has weighed on sales to varying degrees in all Canadian housing markets and it will continue to do so this year.”

“The Bank of Canada recently said that it expects housing activity will stay ‘soft’ as households ‘adjust to the mortgage stress test and increases in mortgage rates,’ even as jobs and incomes continue growing,” says Gregory Klump, CREA’s chief economist. “Indeed, the bank’s economic forecast shows it expects housing will undermine economic growth this year as the mortgage stress test has pushed homeownership affordability out of reach for some home buyers,” he added.

The number of newly listed homes remained little changed (up 0.2 per cent) from November to December, with declines in close to half of all local markets offset by gains in the remainder.

With sales down and new listings steady in December, the national sales-to-new listings ratio eased to 53.3 per cent compared to 54.8 per cent in November. This measure of market balance has remained close to its long-term average of 53.5 per cent since the beginning of 2018.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in December 2018.

The number of months of inventory is another important measure for the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 5.6 months of inventory on a national basis at the end of December 2018. While this remains close to its long-term average of 5.3 months, the number of months of inventory has swollen far above its long-term average in Prairie provinces as well as in Newfoundland and Labrador. By contrast, the measure remains well below its long-term average in Ontario and Prince Edward Island. In other provinces, sales and inventory are more balanced.

The Aggregate Composite MLS Home Price Index (MLS HPI) was up 1.6 per cent year-over-year in December 2018. The increase is smaller but still broadly in line with year-over-year gains posted since July.

Apartment units posted the largest year-over-year price gains in December (4.9 per cent), followed by townhouse/row units (3.1 per cent). By comparison, two-storey single-family homes posted a small increase (0.4 per cent) while one-storey single-family home prices eased slightly (-0.3 per cent).

Trends continue to vary widely among the 17 housing markets tracked by the MLS HPI. Results were mixed in B.C. Prices are now down on a year-over-year basis in Greater Vancouver (-2.7 per cent) but remain above year-ago levels in the Fraser Valley (+2.5 per cent). Meanwhile, prices posted a year-over-year increase of 6.4 per cent in Victoria and rose 11 per cent elsewhere on Vancouver Island.

Among housing markets tracked by the index in the Greater Golden Horseshoe Area, MLS HPI benchmark home prices were up from year-ago levels in Guelph (6.8 per cent), the Niagara Region (6.8 per cent), Hamilton-Burlington (6.4 per cent ), Oakville-Milton (3.3 per cent) and the GTA (3 per cent ). Home prices in Barrie and District remain slightly below year-ago levels (-1.1 per cent).

Across the Prairies, where supply is historically elevated relative to sales, benchmark home prices remained below year-ago levels in Calgary (-3.2 per cent), Edmonton (-2 per cent), Regina (-5.2 per cent) and Saskatoon (-1.2 per cent). The home pricing environment is likely to remain weak in these housing markets until elevated supply is reduced and becomes more balanced in relation to demand.

Home prices rose 6.9 per cent year-over-year in Ottawa (led by an 8.3-per-cent increase in townhouse/row unit prices), 6 per cent in Greater Montreal (led by a 9.1-per-cent increase in townhouse/row unit prices) and 2.5 per cent in Greater Moncton (led by a 12.2-per-cent increase in townhouse/row unit prices).

The MLS HPI provides the best way to gauge price trends because average price trends are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in December 2018 was just over $472,000, down 4.9 per cent from the same month in 2017. The year-over-year decline reflects how the jump in sales in December 2017 in advance of the stress test was more pronounced in more expensive markets. The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $100,000 from the national average price, trimming it to just under $375,000.

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Before you get the keys, you and your builder will do a Pre-Delivery Inspection or PDI. This is an important step – not only does it familiarize you with your new home but it also helps you protect your warranty rights.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

With a foundation built on respect, integrity, honesty, and responsibility, it’s no wonder homeowners in the greater Toronto area choose Pella for their residential or commercial window and door needs.

Imagine a kitchen with limitless possibilities. From start to finish, your design experience will be effortless as our expert designers collaborate with you to create a masterpiece you will love. We are devoted to helping you achieve your desired ambience while creating a functional kitchen and solving any challenges your space presents.

Building on the reputation and experience that DOT Furniture has acquired in the past twenty years, we have recently expanded our product mix. It includes an extensive selection of indoor furniture and casual living pieces that provides sophisticated solution to any setting. That’s why we say: From porch to patio and every furnishing in between… we’ve dot you covered.

A member of Ontario’s Finest Hotels, Inns and Spas group, Viamede Resort is an historic, full-service resort and conference centre with 2,000 feet of magnificent Stoney Lake shoreline. Whether you are planning a family resort vacation, a romantic couple’s getaway or an Ontario weekend escape, Viamede Resort has the perfect lakeside accommodations to suit your needs.

Perola Kitchens and Interiors is the answer to all your design, remodelling and installation needs. Our designers are recognized in the industry for their expertise and craftsmanship in new construction and remodelling of kitchens, bathrooms, living rooms and dining areas.

Canadian housing market to moderate in 2019 but growth to continue in Ontario and Toronto

By Wayne Karl

Canada’s housing market should see a moderation in both housing starts and sales, while home prices are expected to reach levels that are more in line with economic fundamentals such as income, job and population growth. This forecast for 2019 and 2020 is drawn from the 2018 Housing Market Outlookfrom the Canada Mortgage and Housing Corp. (CMHC).

Source: CMHC Housing Market Outlook

Nationally, CMHC’s outlook for 2019 projects total housing starts to edge down and range between 193,700 to 204,500, with the downward trend expected for both single and multi-unit starts. MLS sales are expected to be between 478,400 and 497,400 units annually while MLS prices should lie between $501,400 and $521,600.

“Our key takeaway from this year’s outlook is moderation in Canada’s housing markets for 2019 into 2020,” says Bob Dugan, chief economist, CMHC. “Housing starts are expected to decline from the higher levels we’ve seen recently. We expect resales in 2019 and 2020 to remain below recent peaks while prices should reach levels that are more in line with economic fundamentals such as income, job and populations growth.”

Ontario recovery

After dampened market activity in 2018, existing home sales and housing starts in Ontario, particularly in single-family homes, will post a partial recovery in 2019. Buyers are expected to re-enter the market on the strength of stronger than expected job growth and in-migration, before the downward trend in starts and sales resumes in 2020.

Source: CMHC Housing Market Outlook

GTA growth

With balanced conditions prevailing in the GTA, CMHC expects moderate sales growth and home prices growing in line with inflation. The rising costs of homeownership will result in strong rental demand, while new supply will add some upward pressure on vacancy rates. Toronto buyers should see more housing choices as builders concentrate their efforts on new highrise projects.

OTHER REGIONAL HIGHLIGHTS

BRITISH COLUMBIAHousing starts activity and MLS sales in BC should moderate, as economic and population growth slows while MLS average prices are expected to see a flatter growth profile through 2020.

VancouverOver the next two years, Metro Vancouver’s resale market will see lower sales, higher inventories of homes for sale and lower home prices compared with recent market highs. Through 2018, demand and home prices softened across all market segments and local geographies.

PRAIRIESBuyers’ market conditions in Alberta and Saskatchewan should gradually shift to a balanced market with gradual improvement in economic and demographic fundamentals. Balanced market conditions in Manitoba are expected to continue.

CalgaryVarious factors will push and pull the demand for housing in Calgary in 2019 and 2020. Calgary’s economy will experience stronger growth in population and employment. This will help support demand and lift sales in 2019 and 2020. However, the average MLS price will continue to face downward pressure but is expected to stabilize in 2019 and modestly rise in 2020.

QUEBECHousing starts and sales of existing homes will both be sustained, however, slower economic growth and rising borrowing costs will moderate activity through 2020. Starts will continue to be dominated by the apartment market segment, while demand for resale single-detached homes will remain relatively strong.

MontrealIn 2018 and 2019, rental housing demand will increase slightly faster than supply in Montreal, which will put some downward pressure on the vacancy rate. Demand will be supported by rising net migration over the forecast horizon.

ATLANTIC CANADAThe Atlantic region will see sustained activity, notably in Nova Scotia, where existing home sales and average prices should trend higher while rental demand will drive growth in apartment construction.

Toronto has a housing problem; some call it a crisis. One of the levers Council is pulling at to increase more urban housing options (a pilot project) is to construct laneway houses in rear yards that abut public lanes.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

H2O2 Wine Cellar Design came to fruition when we realized there was a need for a company that provides a turnkey solution for the most discriminating wine collectors. All of our cellars are built according to wine cellar building codes. From framing, insulation, vapor barriers, to dry walling, flooring, etc, we often exceed the required industry standards to ensure every single cellar that we build is done to our customers' satisfaction.

For over three decades, the Goodman brand has concentrated on something more important than simple brand-recognition consumer advertising. Since 1982, we've focused on helping millions and millions of homeowners achieve reliable, high-quality and affordable indoor comfort with products that continue to be designed, engineered and assembled in the U.S.A.

Exclusive Tours specializes in Unique, Best in Class, Small Ship Cruising. Our Expertise, Knowledge and Vision provide you with the best Selection, Quality and Value. Proudly Canadian – we offer a truly comprehensive selection of exceptional small ship cruises.

Merit Travel delivers authentic travel experiences to the world’s top destinations, with a team of passionate and dedicated Travel Consultants at our locations across Canada. We know that not all vacations can be created with a few clicks, and that’s what we’re here for—to put the pieces together, do the research, negotiate the deals, customize itineraries and create the perfect getaway for you.

Finance: More Transparency Coming To Toronto Real Estate Market

Canadians will now have greater access to real estate sold prices in Toronto. In August the Supreme Court of Canada refused to hear the Toronto Real Estate Board’s (TREB’s) appeal to an earlier federal court decision that accused them of anti-competitive practices by the Competition Bureau.

This means all homes and condos listed on the MLS and sold in Toronto will be readily available without the need of a password or engaging an agent.

TREB’s major argument was concern around copyright and privacy. They said putting all this data online publicly would be problematic.

In a statement released after the Supreme Court refusal, TREB CEO John DiMichele said “TREB believes personal financial information of homebuyers and sellers must continue to be safely used and disclosed in a manner that respects privacy interests and will be studying the required next steps to ensure such information will be protected in compliance with the Tribunal Order once that comes into effect.”

This is a first for a major real estate board in Canada, but has been going on in the U.S. for more than 10 years. Here’s what to expect.

Better Informed Client

When working with a real estate agent, sellers and buyers will no longer have to ask them for comparative sales in the area. This is the best way to understand what a home’s market value is. When putting their house on the market, sellers can arm themselves with the latest data. Buyers as well can make offers with confidence as they will have been able to research the area they are looking to buy in on their own.

Agents Can Provide Better Service

Realtors serve a key role in the real estate transaction. They serve their client and make sure they get the best deal and guide clients through the process. For sellers they can help determine fair market value for your home, they arrange open houses and find potential buyers. Often, they have a roster of potential buyers they can show the house too as well.

For buyers, agents are often subject matter experts in the areas they service — knowing the history of the area and what streets are most sought after. When negotiating they ensure all the checks are done to make sure the home you are buying is being fairly represented.

What Changes Can We Expect?

With data now readily available, consumers can expect to see an increase in websites focused on this information. It’s not just active sellers and buyers interested, but any homeowner wants to know what their biggest investment (their home) is worth. Making data available in a user friendly way could be challenging, especially if a home has seen a number of transactions in a few years. Also making sure data is accurate and up to date is important. Expect to see a number of sites pop up dedicated to providing this information.

No Concern for Realtor’s Role

Those agents with a large client base and established reputation should not worry about their business being affected. The need for a knowledgeable agent, willing to work hard for their clients, will still exist. For those agents who may not have the same level of expertise, they may have to work harder to get up to speed on how they can provide a service to their client, other than regurgitated sold numbers. For those agents there may be a steep learning curve as the market in Toronto becomes more transparent. Looking further this could have an effect on other markets in Canada, especially those next door to Toronto, whose clients will demand the same level of access to sold prices.

Rubina Ahmed-haq is a journalist and personal finance expert. She is HPG’s Finance Editor. She regularly appears on CBC Radio and TV. She is a contributor on CTV Your Morning and Global Toronto. She has a BA from York University, received her post graduate journalism diploma from Humber College and has completed the CSC. Follow her on Twitter @alwayssavemoney.

By now most of us have filed our tax return. Individual returns were due April 30, while self-employed persons had until June 17 to submit all their paperwork. For many of us, the dread of filing our tax return is often followed by the joy of a big tax refund.

In hindsight, the signs were there all along: A rapid escalation of land values, the slowing of new development across the Greater Toronto Area, and a rise in community resistance against new development in existing neighbourhoods.

High Park may be popular draw in Toronto in spring with the bloom of the cherry blossoms, but just up the street on High Park Ave., 260 High Park Church Lofts & Residences is gaining due attention for a significant condo conversion.
Developer Medallion Capital Group recently released the Church Loft suites as part of this project, which involves the re-envisioning of the Alhambra Church at the southwest corner of Anette St. and High Park Ave. in Toronto's west end. The design retains and repurposes the elements that are of historical value in the heritage building, while introducing a new addition massed sensitively around the main sanctuary.
Just 15 prized Sanctuary Church Lofts are available in the historic church structure, with another 55 units in a brand new, adjoining four-storey residence.
Retaining much of the original church facade, including large stained-glass windows and 10-ft. ceiling heights, Sanctuary Church Lofts range from 837 to 3,081 sq. ft. in one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den configurations, and priced from $1 million to slightly less than $4 million. Units in the new structure range from one-bedrooms to three-bedrooms plus den, and are priced from the mid $600's.
[caption id="" align="alignnone" width="400"] Chris Giamou, principal at Medallion Capital Group[/caption]
"What's important, and what really appealed to us, is proximity to transportation, Bloor West Village as well as the 400 acres of High Park, an iconic municipal park destination in Toronto," says Chris Giamou, principal at Medallion Capital. "All of these are part and parcel of the amenities that are built into this project."
The design team for 260 High Park comprises Boston-based, internationally renowned Finegold Alexander Architects for the heritage conversion of the church; Toronto-based Turner Fleischer for the contemporary residences; Toronto-based ERA Architects for the heritage conservation plan; MEP Design for landscaping; and U31 for interiors.
As is typical with such heritage conversion projects, especially given what the High Park area and the former church means to local residents, consultation with stakeholders leading up to the project was paramount.
"What was most important to heritage, in particular, was the protection of existing elements from street level," Giamou told Homes Publishing. Based on such feedback, Medallion Capital altered its original design which surrounded the church with glass and window curtain walls.
"We know High Park is born and bred of brick, and the community didn't like that concept," Giamou says. "The compromise was that we maintained the north facade of the schoolhouse and the first bay of the west elevation. In addition to that, we replaced the glass with brick pattern that matches the existing brick."
Though the building contains 70 units in total, it was actually zoned for as many as 77. "We purposely went larger to make these end-user units," says Giamou, as investors will likely not be part of the buyer profile.
Site preparation is underway, and construction is set to begin this summer.
260 High Park Church Lofts & Residences

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

A member of Ontario’s Finest Hotels, Inns and Spas group, Viamede Resort is an historic, full-service resort and conference centre with 2,000 feet of magnificent Stoney Lake shoreline. Whether you are planning a family resort vacation, a romantic couple’s getaway or an Ontario weekend escape, Viamede Resort has the perfect lakeside accommodations to suit your needs.

Duro-Shed has been serving the Greater Toronto Area & Cottage Country Since 1992. In that time we have always prided ourselves on delivering a top quality product at the most competitive pricing available. Our storage sheds, garden sheds, pool cabanas, gazebos, bunkies and garages have been recognized as some of the best on the market.

We supply and install stylish and durable deck tiles, specializing in condo balconies, patios and terraces in Toronto and GTA. We offer affordably priced options while still delivering quality products and professional custom installations. Maintaining high quality workmanship and attention to detail is our focus.

From top to bottom

The most expensive home and the lowest priced home in the GTA (not including mobile homes or cottages).

Foxley Green encompasses about 80 acres with a commanding corner position at the gateway to Aurora. The main residence spans 21,630 square feet on two levels with a solid granite exterior, two elevators, indoor pool, main floor master suite, plus three additional bedroom suites. Also in the main house is a complete two-bedroom staff apartment.

The immaculately maintained property offers gardens, groomed hiking trails, a cold-water stream, deep pond with a skating pavilion, 13-stall riding stable, 3,800-square-foot guesthouse plus a three-bedroom staff home. There is a long gated driveway that leads to the main house.

This grand country estate is within a 10-minute drive to top private schools, area amenities and Highways 404 and 400.

Located close to highways and York University in the Black Creek area, this two-bedroom spacious condo is ready for a new paint job. The unit comes with an underground parking space and a large balcony.

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Before you get the keys, you and your builder will do a Pre-Delivery Inspection or PDI. This is an important step – not only does it familiarize you with your new home but it also helps you protect your warranty rights.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

You chose your new Chrysler because you wanted something far beyond the ordinary. It just makes sense that your ownership experience should be just as special. That's why we're committed to exceeding your expectations for as long as you have your Chrysler.

Montana Steele is a full-service Toronto-based strategic marketing firm with over 25 years of experience and over 700 successful projects in all sectors of the industry. Over the years, Montana Steele has launched numerous iconic real estate and destination brands that have achieved both market success and industry accolades across North America.

The Modular Home Renovation process is truly unlike any other. While our goal is to make your renovation as quick and seamless as possible, each project is treated with the same amount of care and attention as the other.

GTA home prices decline 12.4%

TREB releases monthly market figures reported by GTA realtors

Toronto Real Estate Board (TREB) president Tim Syrianos announced that GTA realtors reported 7,792 sales through TREB’s MLS System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market.

Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017.

The MLS Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live,” Syrianos said. “This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation.”

After preliminary seasonal adjustment*, the month-over-month change (i.e. March 2018 to April 2018) in sales and the average selling price was minimal, with sales decreasing 1.6 per cent and the average selling price decreasing by 0.2 per cent. The month-over-month sales trend has flattened out over the past two months following a steeper drop-off in January and February.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density lowrise home types,” said Jason Mercer, TREB’s sirector of market analysis. “Once we are past the current policy-based volatility, homeowners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth.”

“With a provincial election campaign about to begin, GTA realtors hope that all of the provincial parties will make housing issues a priority. Homeownership is a worthwhile investment that benefits our economy, individual finances and quality of life,” said Syrianos.

“In recent months and years, there has been significant intervention in housing markets by all levels of government, through regulatory changes and taxation. We believe the next step should be tax relief, especially from Land Transfer Taxes, both provincial and the Toronto Land Transfer Tax, and efforts to facilitate an increase in the supply of missing middle housing that fills the gap between single family homes and highrises. Furthermore, we believe that any attempt to increase the Toronto Land Transfer Tax should require approval from the provincial government, given the significance of Toronto’s economy to the province and the connections between the Toronto real estate market and that of the broader GTA.”

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Before you get the keys, you and your builder will do a Pre-Delivery Inspection or PDI. This is an important step – not only does it familiarize you with your new home but it also helps you protect your warranty rights.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.

For more than 100 years, Hoover® has designed powerful, easy-to-use products that clean your entire home from floor to ceiling, and even the very air you breathe. That’s why we’re a household icon and one of the most trusted brands in America – Hoover® Nobody does it like you™.

Building on the reputation and experience that DOT Furniture has acquired in the past twenty years, we have recently expanded our product mix. It includes an extensive selection of indoor furniture and casual living pieces that provides sophisticated solution to any setting. That’s why we say: From porch to patio and every furnishing in between… we’ve dot you covered.

TREB releases condo market report

The average selling price for condominium apartments sold through TREB’s MLS system was up by 9 per cent year-over-year.

The Toronto Real Estate Board president Tim Syrianos announced that the average selling price for condominium apartments sold through TREB’s MLS system was up by 9 per cent year-over-year to $533,447 in the first quarter of 2018.

While the number of condominium apartment sales reported by GTA realtors in the first quarter was down by 29.7 per cent year-over-year to 5,084, so too were the number of new listings, which were down by 11.1 per cent annually to 8,030.

“Sellers’ market conditions for condominium apartments remained firmly in place in the first quarter of 2018. Strong competition between buyers underpinned price growth well above the rate of inflation,” Syrianos said. “We expect the condo market segment to remain strong through the remainder of 2018 and over the longer term, as buyers continue to see ownership housing as a quality long-term investment.”

Inventory levels for condominium apartments in the first quarter of 2018 were above the record lows experienced during the first three months of 2017. However, with months of inventory continuing to trend between 1.5 and 2 months, market conditions remain very tight from a historic perspective.

“The condominium apartment market segment continues to have the lowest price point on average compared to other major lowrise home types,” said Jason Mercer, TREB’s director of market analysis. “It stands to reason that condos remain popular with first-time buyers. Strong demand relative to supply will see this segment perform well from a pricing standpoint for the remainder of 2018 and beyond.:

Protect consumers purchasing a former grow-op

On a related front, personal cultivation of cannabis should not be allowed inside homes as growing marijuana can pose significant health and safety issues for unsuspecting homebuyers, such as the growth of mould and fungus. With the legalization of marijuana looming, there are no rules in place to protect a homebuyer from purchasing a former grow operation.

“The provincial government needs to act now to bring forward measures that will ensure homebuyers are protected from the health and safety risks associated with former grow ops,” Syrianos said. “Policy makers must take action to protect Greater Toronto Area homeowners and address the long-term impact of legal marijuana cultivation on the housing stock.

“We are calling for measures to require inspection by municipal building officials, registration of remediation work orders on property title, mandate home inspectors to receive training on spotting former grow operations and restrict the number of plants that a homeowner can grow from four to one in units 1,000 square feet or smaller to protect multi-unit dwellings such as condos and apartments.

“Visit protectontariohomes.ca, launched by the Ontario Real Estate Association for more information on cannabis legalization and to take action.”

By now most of us have filed our tax return. Individual returns were due April 30, while self-employed persons had until June 17 to submit all their paperwork. For many of us, the dread of filing our tax return is often followed by the joy of a big tax refund.

In hindsight, the signs were there all along: A rapid escalation of land values, the slowing of new development across the Greater Toronto Area, and a rise in community resistance against new development in existing neighbourhoods.

High Park may be popular draw in Toronto in spring with the bloom of the cherry blossoms, but just up the street on High Park Ave., 260 High Park Church Lofts & Residences is gaining due attention for a significant condo conversion.
Developer Medallion Capital Group recently released the Church Loft suites as part of this project, which involves the re-envisioning of the Alhambra Church at the southwest corner of Anette St. and High Park Ave. in Toronto's west end. The design retains and repurposes the elements that are of historical value in the heritage building, while introducing a new addition massed sensitively around the main sanctuary.
Just 15 prized Sanctuary Church Lofts are available in the historic church structure, with another 55 units in a brand new, adjoining four-storey residence.
Retaining much of the original church facade, including large stained-glass windows and 10-ft. ceiling heights, Sanctuary Church Lofts range from 837 to 3,081 sq. ft. in one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den configurations, and priced from $1 million to slightly less than $4 million. Units in the new structure range from one-bedrooms to three-bedrooms plus den, and are priced from the mid $600's.
[caption id="" align="alignnone" width="400"] Chris Giamou, principal at Medallion Capital Group[/caption]
"What's important, and what really appealed to us, is proximity to transportation, Bloor West Village as well as the 400 acres of High Park, an iconic municipal park destination in Toronto," says Chris Giamou, principal at Medallion Capital. "All of these are part and parcel of the amenities that are built into this project."
The design team for 260 High Park comprises Boston-based, internationally renowned Finegold Alexander Architects for the heritage conversion of the church; Toronto-based Turner Fleischer for the contemporary residences; Toronto-based ERA Architects for the heritage conservation plan; MEP Design for landscaping; and U31 for interiors.
As is typical with such heritage conversion projects, especially given what the High Park area and the former church means to local residents, consultation with stakeholders leading up to the project was paramount.
"What was most important to heritage, in particular, was the protection of existing elements from street level," Giamou told Homes Publishing. Based on such feedback, Medallion Capital altered its original design which surrounded the church with glass and window curtain walls.
"We know High Park is born and bred of brick, and the community didn't like that concept," Giamou says. "The compromise was that we maintained the north facade of the schoolhouse and the first bay of the west elevation. In addition to that, we replaced the glass with brick pattern that matches the existing brick."
Though the building contains 70 units in total, it was actually zoned for as many as 77. "We purposely went larger to make these end-user units," says Giamou, as investors will likely not be part of the buyer profile.
Site preparation is underway, and construction is set to begin this summer.
260 High Park Church Lofts & Residences

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.

Trex is the world’s #1 decking brand and the inventor of wood-alternative composite decking. Trex invented, defined and perfected composite decking with a selection of low-maintenance, high-performance, eco-friendly decking products that help create the perfect outdoor living space. Because Trex believes that you should spend your time relaxing on your deck, not maintaining it.

Grohe AG is Europe’s largest and the world’s leading single-brand manufacturer and supplier of sanitary fittings. We set our standards extremely high to ensure that every time you turn on a GROHE faucet or step into a GROHE shower you can feel the difference.

Get a head start on your renovations at the first home show of the year. At the GTA Home & Reno Show you’ll find the GTA’s top contractors and suppliers, celebrity experts, hands-on learning, and local designers, all ready to help with your next project.

GTA’s most expensive (and least expensive) home

A search of the Multiple Listing Service at realtor.ca found the most expensive and least expensive homes in the GTA.

HIGH
469 Spadina Road, Toronto: $25 million
MLS Number: C4005944

New York meets Toronto at The Brownstones of Forest Hill Village. Builder AB8 Group is working with premier architect Richard Wengle, Master Chef Mark McEwan and Neff Kitchens, to create a luxury product offering a seamless blend of heritage and history in the heart of Forest Hill Village.

Once the site of a five-storey apartment complex, 469 Spadina Road promises the grandeur of a bygone era with its brownstone design. Based on the four-storey townhomes found in the U.S. and Europe, the innovative concept capitalizes on urban elegance in the 21st century.

The first floor is ideal for entertaining while the second floor is all about comfort and relaxation. The third and fourth floors are dedicated living quarters. The basement features a state-of-the art gym and multi-car garage. The rooftop terrace offers an unobstructed view of the city. Homes features five-plus-one bedrooms and eight bathrooms.

LOW
4645 Jane Street, Unit 828, Toronto: $59,900
MLS Number: W4002311

Great starter one-bedroom condo for a single person or a young couple at Edgeley in the Village. With a little TLC, this condo unit can bloom into a cozy and warm home. Open balcony, separate living and dining areas, parquet flooring, separate kitchen, one bathroom and one parking spot. Great views from balcony and living room. Steps to York University, shopping, Black Creek Pioneer Village and Farm and the new subway station at York and Black Creek. Includes light fixtures and appliances. Maintenance fees $594 per month.

By now most of us have filed our tax return. Individual returns were due April 30, while self-employed persons had until June 17 to submit all their paperwork. For many of us, the dread of filing our tax return is often followed by the joy of a big tax refund.

In hindsight, the signs were there all along: A rapid escalation of land values, the slowing of new development across the Greater Toronto Area, and a rise in community resistance against new development in existing neighbourhoods.

High Park may be popular draw in Toronto in spring with the bloom of the cherry blossoms, but just up the street on High Park Ave., 260 High Park Church Lofts & Residences is gaining due attention for a significant condo conversion.
Developer Medallion Capital Group recently released the Church Loft suites as part of this project, which involves the re-envisioning of the Alhambra Church at the southwest corner of Anette St. and High Park Ave. in Toronto's west end. The design retains and repurposes the elements that are of historical value in the heritage building, while introducing a new addition massed sensitively around the main sanctuary.
Just 15 prized Sanctuary Church Lofts are available in the historic church structure, with another 55 units in a brand new, adjoining four-storey residence.
Retaining much of the original church facade, including large stained-glass windows and 10-ft. ceiling heights, Sanctuary Church Lofts range from 837 to 3,081 sq. ft. in one-bedroom, one-bedroom plus den, two-bedroom and two-bedroom plus den configurations, and priced from $1 million to slightly less than $4 million. Units in the new structure range from one-bedrooms to three-bedrooms plus den, and are priced from the mid $600's.
[caption id="" align="alignnone" width="400"] Chris Giamou, principal at Medallion Capital Group[/caption]
"What's important, and what really appealed to us, is proximity to transportation, Bloor West Village as well as the 400 acres of High Park, an iconic municipal park destination in Toronto," says Chris Giamou, principal at Medallion Capital. "All of these are part and parcel of the amenities that are built into this project."
The design team for 260 High Park comprises Boston-based, internationally renowned Finegold Alexander Architects for the heritage conversion of the church; Toronto-based Turner Fleischer for the contemporary residences; Toronto-based ERA Architects for the heritage conservation plan; MEP Design for landscaping; and U31 for interiors.
As is typical with such heritage conversion projects, especially given what the High Park area and the former church means to local residents, consultation with stakeholders leading up to the project was paramount.
"What was most important to heritage, in particular, was the protection of existing elements from street level," Giamou told Homes Publishing. Based on such feedback, Medallion Capital altered its original design which surrounded the church with glass and window curtain walls.
"We know High Park is born and bred of brick, and the community didn't like that concept," Giamou says. "The compromise was that we maintained the north facade of the schoolhouse and the first bay of the west elevation. In addition to that, we replaced the glass with brick pattern that matches the existing brick."
Though the building contains 70 units in total, it was actually zoned for as many as 77. "We purposely went larger to make these end-user units," says Giamou, as investors will likely not be part of the buyer profile.
Site preparation is underway, and construction is set to begin this summer.
260 High Park Church Lofts & Residences

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Thermador has been providing real innovations for real cooks for more than 75 years. The iconic line of cooking, cleaning, refrigeration and ventilation products remains committed to empowering culinary enthusiasts to be their best through continuous innovation breakthroughs. Thermador is part of BSH Home Appliances Corporation, a fully-owned subsidiary of Bosch and Siemens Home Appliance Group.

Brampton Brick products transform neighborhoods, towns and communities. After all, nothing makes a vital first - and lasting impression like genuine clay brick. Throughout its long history, and into the future, the Brampton Brick team is passionate about building a better brick - a clay brick.

Imagine a kitchen with limitless possibilities. From start to finish, your design experience will be effortless as our expert designers collaborate with you to create a masterpiece you will love. We are devoted to helping you achieve your desired ambience while creating a functional kitchen and solving any challenges your space presents.

Making a grand entrance, is what Unitech Exterior Doors is all about. From the initial drawing to final installation, Unitech Exterior Doors sets the standard in Fiberglass Front Door Entry Systems. Here you will find elegance, durability, style, technology and good old fashioned value.

GTA’s most expensive (and least expensive) home

A search of the Multiple Listing Service at realtor.ca found the most expensive and least expensive homes in the GTA.

HIGH

68 THE BRIDLE PATH: $35 million
MLS number: C3910864

Quintessential gated French chateau-style home and preeminent country estate located on the highly sought-after Bridle Path. The home features nine above-grade bedrooms, 14 bathrooms, a games room and library.

LOW

4673 JANE STREET, UNIT 1006: $58,000
MLS number: W3878963

A one-bedroom, one-bathroom condo with underground parking and locker and ceramic floors throughout. The bath has a mirrored sliding door and there is a sliding glass door to an enclosed balcony with a fabulous view. Large storage spaces and large hallway closet. Close to all amenities with a plaza across the street with supermarket, drug store, gas station, bank, restaurant, laundromat, doctor and dental offices, churches, schools and TTC at door. Walk to York University, Canada’s Wonderland is five minutes away, Black Creek Pioneer Village is walking distance. Extras: Fridge, stove, blinds (window coverings). Pets allowed, playground at back of building and 24-hour security. Maintenance fees are $566.43 a month.

Data provided by Toronto Real Estate Board. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

The Canadian Home Builders’ Association (CHBA) has named Bob Finnigan, partner at Herity (Heathwood Homes), CHBA Past President, member of BILD (GTA) and long-time building industry executive, as its Member of the Year.

Great Gulf and Tridel were among the big winners at the recent 39th Annual BILD Awards, as the Building Industry and Land Development Association (BILD) recognized the top builders and developers, projects and marketing initiatives in the industry.

Before you get the keys, you and your builder will do a Pre-Delivery Inspection or PDI. This is an important step – not only does it familiarize you with your new home but it also helps you protect your warranty rights.

Through our customer feedback, we have learned the importance of ‘service’. You said and we listened. We addressed your needs and improvised; bringing you services and quality no one in the industry offers.

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.

Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.

Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.

Since 1989 Men At Work has specialized in renewing and enlarging older houses in core Toronto neighbourhoods. We are experts in managing the challenges of renovating sensitive old buildings into beautiful, functional, comfortable living spaces.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Omega Mantels & Mouldings Ltd. has been manufacturing and distributing stylish architectural building and interior finishing products serving the residential and commercial industries for over 30 years. Working closely with builders, architects and designers to give projects a one-of-a-kind look, incorporating plaster or stone cast products, such as crown moulding, fireplace mantels, kitchen hoods, 3D wall/ceiling panels, decorative accessories as well as firepit tables.

All of the products for sale at Prima Home Hardware Inc. and expertly handcrafted and finished with an impeccable sense of artistry to give our customers the finest quality, most beautiful pieces that can be found today.

Over the past three decades, Ryan Design International has emerged as a true leader and innovator in the field of real estate marketing, advertising, graphic and environmental design as well as cutting-edge web marketing. Since its founding in 1977 the company has grown to be a full-service advertising agency, playing an instrumental role in the successful launching and on-going marketing of many international real estate projects.

Don’t play ball

Today is one of only two days all year when there’s not a single regular season or playoff NHL, NBA, MLB, NFL, or MLS game being played. The other is July 12, the day after the MLB All-Star Game. That event, by the way, takes place in Miami on July 11.

Most of us got our start in construction by playing with Lego bricks as kids. It seems that some of us don’t want to grow up. French company, Brickawood International, has developed wood-framed housing kits with interior and exterior walls that are assembled without nails, screws, or glue.

X-Tile is sure to have whatever you need to express your unique individual style. We offer you an exceptional variety of wall and flooring options in ceramic, porcelain, natural stone, glass, mosaic and much more from leading suppliers around the world. Let our knowledgeable and friendly staff help you in your dream renovation or building project.

Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.

We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.

Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.

SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.

To be or not to be technology-driven? To keep pace or not keep pace with the times? To stay ahead of the competition or not stay ahead of the competition? Even Hamlet would have little doubt with these questions because the choices seem pretty obvious. And yet, a surprising number of small- and medium-sized businesses (SMBs) in the construction industry struggle with choosing the right technological paths or even choosing technology at all, simply because this is uncharted territory. Well, time to explore this fascinating world and see what's in it for you.

Technology - today, tomorrow, and the day after

Consumers are rethinking their needs, businesses are redefining their functionalities, industries are growing by leaps and bounds, even as we speak. The reason? The growing impact of and advances in technology. For instance, cloud computing is enabling a more connected world of devices and people, thereby facilitating lower unit costs and better customer relationships. Machine learning is helping fix critical business problems and anticipating potential issues through analytics, thus helping companies enhance the quality of their offerings while improving operations. In short, technology is not just a trend for today or tomorrow – it is the way forward, a way of doing business, and it is here to stay.
Building better businesses: Top IT trends in the construction industry
Naturally, the technological winds of change have been blowing over the construction industry as well. And they have left behind some key IT trends.
1. Building Information Modelling (BIM)
BIM software breaks the shackles of traditional two-dimensional building design. And instead, unleashes not only the power of 3D (width, height, and depth), but also 4D (fourth dimension of time), 5D (fifth dimension of cost), and more recently, 6D (sixth dimension of environmental and sustainability factors), and 7D (seventh dimension of through-life facility management).
This helps the construction industry plan, design, construct, operate, and maintain different structures. Better communication, lower construction costs, faster delivery, and less information loss are just some of the reasons why BIM is the catchphrase of builders.
2. Smart bseluildings
When it comes to buildings, smartness has many dimensions. Literally. Smart buildings are designed, built, and managed using automated processes that integrate various disparate components such as lighting, heating, ventilation, and security systems to maximize efficiency and enable a smarter, more sustainable work flow. They gather raw data from the devices that control the various systems in a building, and, as all things smart, they are continuously learning, unlearning, and improving processes.
3. Augmented Reality (AR)
AR creates and enhances exact replicas of the real world for a better view of the entire project – including its details and precise measurements. This enables designers, architects, engineers, and other stakeholders in the construction industry to get the real picture, plan efficiently, and keep things accurate and cost-effective. In other words, it takes the guesswork out of construction.
4. Robots
Well, the "Employee of the Year" award could soon go to…a robot. And if they can lay bricks at twice the speed and with zero risk of injury or delay, why not?
5. Drones
A drone could be watching these efficient robots – monitoring the progress of a project, carrying out safety inspections, and collecting data for evaluation and improvement of processes. The construction landscape is undoubtedly changing drastically.
6. Cloud computing
To manage your business more efficiently, don't look far. Just look up. Cloud computing has revolutionized the way companies do a variety of operations, from project management to payroll. The advantages are obvious: The right people can access the right information at all times; more flexibility to add users and data; ability to lower costs by eliminating the need for traditional servers and maintenance.
7. Artificial Intelligence (AI)
AI helps businesses stay on top of and make sense of the daily information overload. It can expand the boundaries of the construction industry in diverse ways, ranging from analytical tasks like surveying to detail-oriented tasks like estimating and bookkeeping. Thanks to AI, employees could play increasingly pivotal roles as they could potentially take on more clients and handle more data than ever before.
8. Mobile field technology
Mobile applications have helped the construction industry the become more agile in terms of allowing people to communicate and access documents in real time through a mobile phone or tablet. These applications can also be integrated into existing systems like supply chain management and accounting, to streamline and make these processes efficient.
9. Self-driving vehicles
The wheels are turning for the automobile industry with significant changes happening in the form of self-driving cars. Naturally, the construction industry is expected to follow suit. These driverless vehicles could potentially deliver more loads more efficiently, minimize delays and fuel use, and could be controlled by operators to ensure greater operational safety. Soon, everyone might want a self-driving excavator to do the dirty work.
10. Internet of Things (IoT)
The idea of computing devices, embedded in everyday objects and interconnected via the internet, communicating with each other seamlessly by sending and receiving data is fascinating. And in the construction industry, this can translate into many advantages – the remote operation of machinery, tracking of tools and equipment, automated logging of construction hours, etc.

That's great. But do smaller players need to think this big?

Yes. Thinking big and making a few path-breaking changes has nothing to do with company size, and everything to do with being smart enough to stay on top of current trends, adaptable enough to make the changes that need to be made, and visionary enough to buy into only those technological changes that best suit present as well as future business goals.

No more pain, only gain

Based on a survey conducted by iCinfo, the top ten pain points faced by SMBs are:

Bottlenecks due to inefficient workflow.

Work order backlog due to manual processes and increasing volumes.

Lack of real-time data for accurate inventory management.

Disjointed electronic tools such as spreadsheets and paper-based administration.

Scalability challenges due to lack of skilled labor and other issues.

Problems with reporting on payroll and other aspects of business.

Difficulty in finding critical documents fast.

Complexity of projects and processes.

Bulky paper-based files that consume space and time.

Difficulties in document management and version control.

Now, how can these pain points be tackled, and how much is it going to cost?
Step 1: Don't go through this process alone. Get the unbiased, expert evaluation of a trusted IT consulting firm on your side. Someone who can help you assess your current state, identify issues, provide solutions, help locate the right technological fit and vendor for your company, and finally, can facilitate change management or help your employees transition into a new way of thinking and doing things in the company and for the company.
Step 2: Read the remaining four articles in this five-part series on helping SMBs manage their tech resources and grow their business.
Because the real question is not, "To be or not to be technology-driven?" The real question is – when do you want to start?

Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.

For over 170 years, STANLEY® has been synonymous with quality, reliability, innovation and value. From the “do-it-yourselfer” installing a ceiling fan to the professional contractor framing new homes, it’s a safe bet that Stanley has the right tool for the job.

All of the products for sale at Prima Home Hardware Inc. and expertly handcrafted and finished with an impeccable sense of artistry to give our customers the finest quality, most beautiful pieces that can be found today.